WINCANTON LIMITED
Formerly listed as Wincanton plc, the company operates as a UK supply chain and logistics provider offering freight transport and warehousing services as a subsidiary of US-based GXO Logistics, Inc.
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Cash
£29m
Latest balance sheet
Net assets
-£43m
Equity attributable
Employees
19,218
lowest in 3 filed years
Profit before tax
£79m
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-03-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,406,600,000 | £1,170,900,000 | £1,580,500,000 | — | |
| Operating profit | -£38,800,000 | -£77,700,000 | £92,600,000 | — | |
| Profit before tax | -£44,900,000 | -£88,400,000 | £78,600,000 | — | |
| Net profit | -£39,600,000 | -£73,700,000 | £64,000,000 | — | |
| Cash | £28,700,000 | £26,600,000 | £28,500,000 | — | |
| Total assets less current liabilities | £189,400,000 | £164,800,000 | £253,300,000 | — | |
| Net assets | -£34,000,000 | -£96,400,000 | -£42,800,000 | — | |
| Equity | -£34,000,000 | -£96,400,000 | -£42,800,000 | — | |
| Average employees | 19,225 | 19,453 | 19,218 | — | |
| Wages | £667,200,000 | £533,700,000 | £753,200,000 | — | |
| Directors' remuneration | £2,185,000 | £2,188,000 | £3,044,000 | — | |
| Directors' pension contributions | £36,000 | £22,000 | £29,000 | — | |
| Highest paid director | — | £857,000 | £1,039,000 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 12 months versus 9 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -2.8% | -6.6% | 5.9% | |
| Net margin | -2.8% | -6.3% | 4.0% | |
| Return on capital employed | -20.5% | -47.1% | 36.6% | |
| Gearing (liabilities / total assets) | 105.3% | 116.0% | 106.7% | |
| Current ratio | 0.54x | 0.59x | 0.61x | |
| Interest cover | -3.06x | -5.40x | 4.56x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- WINCANTON LIMITED 2024-06-19 → present
- WINCANTON PLC 2001-03-13 → 2024-06-19
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group or Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- WINCANTON LIMITED · parent
- Wincanton Holdings Limited 100%
- Wincanton Group Limited 100%
- Wincanton Ireland Limited 100%
- Risk Underwriting (Guernsey) Limited 100%
- Inteq Systems Limited 100%
- Inteq Integration Europe B.V. 100%
- Onevast Limited 100%
- Cygnia Logistics Limited 100%
- Caledonia Bidco Limited 100%
- C.E.L Group Limited 100%
- C.E.L (Engineering) Limited 100%
- C.E.L (Logistics) Limited 100%
- City Self Storage Limited 100%
- Dalepak Limited 100%
- Dalepak Holdings Limited 100%
- Data and Records Management Limited 100%
- Glass Glover Group Limited 100%
- Glass Glover Management Services Limited 100%
- Hanbury Davies Limited 100%
- Hanbury Holdings Limited 100%
- Inteq Controls Limited 100%
- Inteq Group Limited 100%
- Inteq Integration Limited 100%
- Invar Polska spółka z ograniczoną odpowiedzialnością 100%
- Lane Group plc 100%
- Nair Properties Limited 100%
- Product Support (Holdings) Limited 100%
- Product Support Limited 100%
- RDL Distribution Limited 100%
- RDL Holdings Limited 100%
- Roadtanks Limited 100%
- Swales Haulage Limited 100%
- Trans European Holdings Limited 100%
- W. Carter (Haulage) Limited 100%
- Wincanton A&R Limited 100%
- Wincanton Air & Ocean Limited 100%
- Wincanton High Tech Limited 100%
- Wincanton Logistics Limited 100%
- Wincanton Pension Scheme Trustees Limited 100%
- Wincanton Records Management (Ireland) Limited 100%
- Wincanton TechCo, Incorporated 100%
- Wincanton TechCo Limited 100%
- Wincanton Trans European (Ireland) Limited 100%
- Wincanton Trans European Limited 100%
- Wincanton UK Limited 100%
Significant events
- “The acquisition of the Group by GXO Logistics, Inc ("GXO" or the "GXO Group") received regulatory approval by the CMA in 2025, subject to minor divestments, with integration commencing in September 2025.”
- “Divestment of the dedicated grocery warehouse operations is in progress. Disposal is expected in 2026, which will impact revenue and operating profit in the year ending 31 December 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 46 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MACGREGOR, Stuart Robert | Secretary | 2026-01-30 | — | — |
| DURKIN, Paul Andrew | Director | 2025-05-01 | Mar 1969 | British |
| GILL, James Edward | Director | 2025-10-01 | Nov 1976 | British |
| WILLIAMS, Gavin Glen | Director | 2025-10-01 | Oct 1971 | British |
Show 46 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COLLOFF, Lyn Carol | Secretary | 2019-11-14 | 2025-04-30 |
| DOWLING, Alison Jane | Secretary | 2014-12-03 | 2017-07-07 |
| FORBES, David John | Secretary | 2017-07-07 | 2017-08-14 |
| PHILLIPS, Charles Francis | Secretary | 2001-03-14 | 2010-04-26 |
| RABJOHNS, Louise | Secretary | 2025-05-01 | 2026-01-30 |
| SHARMA, Rajiv | Secretary | 2017-08-14 | 2019-11-14 |
| WILLIAMS, Stephen Philip | Secretary | 2010-04-26 | 2014-09-01 |
| CAPITA COMPANY SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2014-09-01 | 2014-12-03 |
| HACKWOOD SECRETARIES LIMITED | Corporate Nominee Secretary | 2001-03-13 | 2001-03-14 |
| ADAM, Richard John | Director | 2014-06-01 | 2014-09-09 |
| BARR, Gillian Carole | Director | 2017-09-15 | 2024-04-29 |
| BATEMAN, Paul | Director | 2002-10-09 | 2005-12-14 |
| BENJAMIN, Victor Woolf | Director | 2001-03-23 | 2005-07-21 |
| BICKERSTAFF, Anthony Oliver | Director | 2020-09-01 | 2024-04-29 |
| BORN, Eric Martin | Director | 2010-10-01 | 2015-07-31 |
| BROWN, Peter Huguiner | Director | 2001-03-23 | 2006-02-07 |
| COLMAN, Adrian Maxwell | Director | 2013-01-07 | 2019-09-02 |
| CONNELL, Gerard Dominic | Director | 2001-03-14 | 2010-06-21 |
| COX, Jonson | Director | 2005-10-21 | 2014-05-31 |
| COX, Philip Gotsall | Director | 2001-06-04 | 2009-07-23 |
| DEAN, Paul David | Director | 2015-02-01 | 2021-02-28 |
| EDMONDS, David Albert | Director | 2004-12-14 | 2011-12-13 |
| ENGLAND, Neil Martin | Director | 2008-06-03 | 2012-07-31 |
| HASSELKUS, Walter, Dr | Director | 2004-01-01 | 2011-07-21 |
| HINTON, Thomas Edward | Director | 2022-08-15 | 2025-09-22 |
| HUNT, Anthony Paul | Director | 2025-10-01 | 2025-11-28 |
| JAYAWEERA, Mihiri Samanthi | Director | 2020-04-07 | 2024-04-29 |
| KEILTY, Ian David | Director | 2024-06-01 | 2025-04-30 |
| KEMPSTER, Jonathan | Director | 2010-07-22 | 2012-11-12 |
| LAWLOR, Timothy Charles | Director | 2015-09-28 | 2022-02-28 |
| LAWRENCE, Charles Anthony | Director | 2001-03-14 | 2003-04-09 |
| LENTZ STUMPF, Deborah | Director | 2019-06-01 | 2024-04-29 |
| MALPAS, Alfred David | Director | 2001-06-04 | 2008-07-24 |
| MARSHALL, Steven | Director | 2011-12-14 | 2017-09-29 |
| MCFAULL, Graeme | Director | 2001-03-23 | 2010-12-14 |
| OADES, Stewart | Director | 2014-11-01 | 2023-10-31 |
| PATTULLO, John Cook | Director | 2023-11-01 | 2024-04-29 |
| RADCLIFFE, David John Chegwidden | Director | 2012-07-27 | 2019-12-18 |
| READ, CBE, Martin Peter, Dr | Director | 2018-08-01 | 2024-04-29 |
| SAWKINS, Martin Trevor | Director | 2012-07-27 | 2018-12-31 |
| SULLIVAN, Nigel | Director | 2004-01-01 | 2010-07-26 |
| VENABLES, Paul | Director | 2009-09-02 | 2015-07-16 |
| WROATH, James Peter Daniel | Director | 2019-09-02 | 2025-05-31 |
| ZEIDA, Ernest Albert | Director | 2001-03-23 | 2003-12-10 |
| HACKWOOD DIRECTORS LIMITED | Corporate Nominee Director | 2001-03-13 | 2001-03-14 |
| HACKWOOD SECRETARIES LIMITED | Corporate Nominee Director | 2001-03-13 | 2001-03-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Gxo Logistics, Inc. | Corporate entity | Shares 75–100%, Voting 75–100% | 2024-04-29 | Active |
Filing timeline
Last 20 of 506 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-10 | AA | accounts | Accounts with accounts type group | |
| 2026-05-22 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-01-30 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-01-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-09 | AAMD | accounts | Accounts amended with accounts type group | |
| 2025-06-09 | AA | accounts | Accounts with accounts type group | |
| 2025-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-12 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-05-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-07 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-18 | CH01 | officers | Change person director company with change date | |
| 2024-08-30 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.